Business and Economics Accounting CENTER FOR BUSINESS AND ECONOMIC TRAINING AND RESEARCH Rodger S. Lawson Director The Center for Business and Economic Training and Research (C.B.E.T.R.) is a division of the School of Business and Economics. The objective of C.B.E.T.R. is to foster a broad and continuing unity between the business and government communities, at large, and the School of Business. This objective is accomplished through the concept of the Center as a service organization. One service provided is a regular program of seminars and special training programs for the small business as well as for large firms and national organizations. A second service area is contract research and consulting for local firms, national associations, and all levels of government. DEPARTMENT OF ACCOUNTING AND DATA PROCESSING Allen F. Simkins, Chairman Professor, G. Gary Casper; Associate Professors, Charles Crittenden, Daniel Favero, James C. Harper, Leonard A. Nicholas, Allen F. Simkins; Assistant Professors, David G. Hart, Donald P. Holman, Michael J. Stemkoski, Robert J. Lewis; Lecturer, Richard E. Sellers, Michael E. Tabor. ACCOUNTING Description: Accounting is a process of gathering pertinent information, classifying it and interpreting it to facilitate the decision-making process of various and diversified groups of users. The objectives of the accounting program are to prepare students to pursue professional careers in management accounting (controllership), public accounting, government accounting and other accounting-related areas. Education: A career in accounting will normally require a bachelors degree as a minimum. Many employers look for a major in accounting with an MBA or Master of Accountancy Degree. Public accounting firms usually require a grade point average of 3.2 or higher. Majors in accounting are typically numbered among the outstanding students of the college. Employment Outlook: Demand for industrial, governmental and public accountants has been excellent. Industrial positions usually require experience. The best opportunities may be with out-of-state employers. Satisfactory employment can usually be found within the state, although salaries and opportunities for advancement tend to be lower. Related Careers: Students of accounting also find their accounting studies to be excellent preparation for other professional disciplines, such as law or business administration. In addition to the industrial, public and government positions, employment opportunities also exist in city management, credit analysis, finance, small business management, tax service, financial analysis, budget control and hospital administration. Program: Accounting MajorBachelor Degree I. General Requirements: A. Specific course requirements of the college (see index). Economics 274 (5) or 430 (4) is recommended to satisfy the state requirement. B. Bachelor Degree General Education requirements (see index). 1. Economics 101 (5); Psychology 101 (5) or Sociology 101 (5), or Anthropology 101 (5) in the Social Science area are required for Business majors. 2. Mathematics 105 (5) in the Physical Science area is required for Business majors. 84 Business and Economics Accounting C. The following School of Business and Economics Core is required (59 credit hours): 1. Accounting 102 (4), 202 (4), 310 (4). 2. Data Processing 101 (4). 3. Economics 102 (3), 250 (4), 251 (4); 301 (4) or 302 (4). 4. Office Administration 325 (4). 5. Business Administration 478 (4). 6. Finance 320 (4). 7. Management 325 (4), 364 (4). 8. Marketing 301 (4). 9. Business Administration 320 (4). D. A minor is not required. E. Accounting majors must have a 2.25 G. P.A. or better in major courses. F. Accounting majors must have an overall G. P. A. of 2.00 or C. G. 183 total hours are required for this degree. H. Sixty of the 183 total hours must be upper division (courses numbered 300 and above). II. Specific Requirements: A. Minimum of 40 credit hours of Accounting courses. B. Accounting courses required (32 credit hours): Accounting 311 (4), 312 (4), 313 (4), 420 (4), 421 (4), 430 (4), 440 (4), 446 (4). C. Two upper division courses offered by the School of Business and Economics (8 credit hoursone must be accounting). Composite Teaching Major in Business Education (Accounting) (See Composite and Interdepartmental Programs.) Program: Accounting Minor for Business and Non-Business Majors I. General Requirements: A. Accounting minors must achieve a G. P. A. of 2.00 or better in minor courses. II. Specific Requirements: A. Non-business majors 1. Minimum of 37 credit hours as explained below. 2. Accounting courses required (16 credit hours): Accounting 102 (4), 202 (4), 310 (4), 311 (4). 3. Accounting courses to elect from (8 credit hours): Accounting 312 (4), 313 (4), 430 (4), 440 (4), 461 (4). 4. Support courses required: Economics 101 (5), 250 (4); Management 301 (4). B. School of Business and Economics majors 1. Minimum of 16 credit hours as explained below. 2. Accounting course required: Accounting 311 (4). 3. Accounting courses to elect from (8 credit hours): Accounting 312 (4), 313 (4), 430 (4), 440 (4), 461 (4). ACCOUNTING COURSES 100. Practical Accounting and Taxes (2) A conceptual look at financial accounting and federal taxes as they relate to the individual's personal life. W 102. Elementary Financial Accounting (Formerly Accounting 201) (4) Introduction to financial accounting and the accounting cycle: recording financial transactions. adjusting entries for deferrals and accruals, and the preparation of financial statements. Other selected topics are also covered. A W S 202. Elementary Financial Accounting (4) Financial accounting, inventories and the cost of goods sold, plant and equipment, payroll accounting, partnerships, corporations, long-term liabilities, and accounting for investments. Prerequisite: Accounting 102. A W S 85